OJSC DemirBank for the first half 2012 net profit after tax of 2.35 million manat, which is 2.5 times more than the figure recorded a year earlier. The bank's earnings were equal to 24.65 million manat and the expenditures were 22.31 million manat, increasing by 10% and 4.7%.
The assets increased in January-June, up 12.9% to 403.79 million manat. The volume of issued and corporate loans grew by 8.5% and amounted to 272.77 million manat.
The total liabilities of the bank increased from 312.78 million to 356.75 million manat. The deposit portfolio increased by 10.2% to 163.63 million manat, including term client investments that increased by 13.5% to 118.62 million manat.
The balance capital grew by 4.9% to 47.05 million manat, and the total capital - by 3.2% to 51.53 million manat. The paid authorized capital remained at the level of AZN 21 million. - 15B-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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